Lesson Learned from 2018This company, at the current share price, is like someone putting a garbage can full of cash at the end of their driveway with a big sign pointing at it, that says "Free Money"... and people just keep driving by - in some cases they're distracted by the noise coming from the kids in the back seat, or they see the sign but, being completely illiterate, they don't understand what it says - maybe someone needs to draw them a picture. It's like, "Hey people, hello - easy money right here - come and get it". Seriously, all the signs point to US legalization of pot this year, which will actually be front page news around the world, nothing like it since the end of prohibition, and the opportunity exists to buy a company that already has a billion in sales, is poised to be one of the top 5 MSO's when that happens, has no debt, has the complete product pipeline in place in Canada, and is a week away from announcing its first ever profitable quarter - and you can buy that for two and change per share?? Anyone who follows this market sector and misses this opportunity will be kicking themselves big-time later this year. Folks, go back and look at the charts January 2-4 2018. What happened? California legalized and pot stocks went crazy, nothing else mattered, and then on January 4 the US AG stepped in and said federal legalization wouldn't be happening any time soon, and everything tanked. We're going to see the same run as Jan. 2-3 2018 and I want to be holding when it does.
The difference this time is the US AG won't be announcing that legalization won't be happening anytime soon, instead he'll be announcing the exact opposite. I can tell you, because I was trying to trade at the time, there were times on Jan.2-4 when trades couldn't be processed, brokerage systems were overwhelmed by the volumes, and exchanges placed temporary halts because of price changes. It was absolute pandemonium. I was trying to sell an equity that I had bought at 70 cents in the middle of December, it peaked at $3.20 right at the start of trading on Jan.4 - then, about 10am, maybe 10:30am, the US AG held a press conference and said that just because California went full legal rec on Jan.1, that wasnt going to happen at the federal level. It was like splashing a bucket of cold water on the cannabis sector, prices tanked, and the selling frenzy started - leading to more outages because of volumes. This time, it's going to be different, the fed's are the ones who are going to be making the announcement, so be prepared for a wild ride. Personally, based on past experience, I'd have a sell order already in place, at a level that will make you very happy, for me it might be $20, because when the action starts, you might not be able to place an order.